The Benefit Corporations, or B Corps

Benefit Corporations Aim to Make a Profit — and a Positive Impact
Seven states have passed legislation officially recognizing companies with a conscience. Called benefit corporations, or B Corps, the firms strive to make a positive impact on society while also turning a profit.
http://www.pbs.org/newshour/bb/business/jan-june12/bcorps_02-29.html
 

 
B Corporation – Legislation
B Corporation – Home
 
B Lab – Supporting the Benefit Corporation
 

 
Professor Robert Shiller explains benefit corporations, a new type of organization in the United States.
 

 
Transcript
 
 
Companies in US are constrained by law to maximise profits – they are fearful of a shareholder law suit if they dont do this – the Benefit Corporation creates a stated purpose of making profits and allocating some for a social purpose and the communities that surround businesses. Benefit corporations in the United States are spreading quite widely but they are still very small. An example is Blessed Coffee
 
Blessed Coffee Inauguration
 

 
Governor O’Malley participates in the opening ceremony for Blessed Coffee–one of Maryland’s First Benefit Corporations. Maryland was the first state in the nation to pass a law for Benefit Corporations. These companies create jobs while advancing the common good.
 

 

 
 
 

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About benvitalis

math grad - Interest: Number theory
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